NSW demands feds cough-up infrastructure dough

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The NSW Government has demanded the federal government help pay for Sydney’s $20 billion Metro West Rail Line, which is desperately needed to cope with Sydney’s swelling population:

Mr Constance took a swipe at his Coalition counterparts in Canberra for their reluctance to stump up for the new metro rail line from central Sydney to Parramatta, which he said would cost “upwards of $20 billion”…

“We’re putting in billions of dollars worth of infrastructure around the new Western Sydney Airport. The feds want that infrastructure open before the airport. So on that basis, I believe they need to cough up, and cough up a lot.””We’re putting in billions of dollars worth of infrastructure around the new Western Sydney Airport. The feds want that infrastructure open before the airport. So on that basis, I believe they need to cough up, and cough up a lot”…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.